NOT LISTED FOR SALE

1408 Lake Morey Rd Fairlee, VT 05045

Estimated Value: $966,388 - $1,212,000

4 Beds
2.5 Baths
2,403 Sq Ft
$458/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $736,000 $306 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $7,543/month

15 Days on Market

Highlights

  • 114 Feet of Waterfront
  • Boat Slip
  • Deck
  • Private Dock
  • Lake View
  • Wood Burning Stove

About This Home

As of August 2019

Exceptional cottage with private water-frontage on Lake Morey. Daytime is best spent on the lake - swimming, fishing, sailing, kayaking, sunbathing, while the nighttime is graced by sunset cocktail cruises, al fresco dining, calls of the loons and the occasional fireworks display. And while the lake can take center-stage, the inside of the home is a sure charmer. An addition to the original cottage in 1989 added two bedrooms, a full bath, large bay window with seating area over looking the water, space for a writing desk and a laundry room, in addition to the comfortably sized living room with fireplace. The third level, reminiscent of the upper level of a ship, with a darling bunk room and 4th bedroom, both with views of the lake. Two levels have access to covered porches with custom screen doors so you can feel the summer breeze whispering through the home. Live edge wooden countertops in the kitchen with a sit-up peninsula bar, stone floor, custom staircase handrails, and Woodstove in the dining room provide character and functionality. The property is accented by abundant gardens and beautifully designed stonework featuring stone walkways, a grill patio, and meandering stonewalls, while the lakefront portion of the property is profiled by flat lawn for yard games, a deck for reading on chaise lounges, and boat dock to allow for easy access to summertime cruises. Enjoy your morning cup of coffee or invite family & friends over to sit out and enjoy dinner on the expansive deck overlooking the lake and the undeveloped, protected hillside to the east. And on a rainy summer evening, extend the awning to sit outside and watch the passing thunderstorm, or cozy up by the fireplace inside and play a board game. With its year-round occupancy potential, this property affords the winter enthusiast the opportunity to enjoy the 4.5mi. skate loop or play pick-up pond hockey games at Lake Morey Resort (also home to 18-hole Lake Morey Country Club). This is premier lakefront.

Last Agent to Sell the Property

Leah McLaughry

Four Seasons Sotheby's Int'l Realty License #073168 Listed on: 06/19/2019

Four Seasons Sotheby's Int'l Realty

Co-Listed By

Annette Hartley-White

Coldwell Banker LIFESTYLES - Hanover License #066127

Last Buyer's Agent

Susanne Pacilio

Martha E. Diebold/Hanover License #011673

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,833

Year Built

  • Built in 1890

Lot Details

  • 0.44 Acre Lot
  • 114 Feet of Waterfront
  • Lake Front
  • Landscaped
  • Lot Sloped Up
  • Garden
  • Property is zoned Lakeshore

Parking

  • Gravel Driveway

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 3-Story Property
  • Woodwork
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Dining Area
  • Lake Views
  • Interior Basement Entry

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Boat Slip
  • Private Dock
  • Docks
  • Access to a Dock
  • Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Heating System Uses Wood
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Septic Tank
  • Private Sewer

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,833

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: New Englander
  • Directions: I91 exit 15, left off exit, follow Lake Morey Road past golf course, go approx. 1.2 miles, property on the right.
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 306.28
  • Property Class: Residential
  • Property Type: Single Family
  • Year Built: 1890
  • Remarks Public: Exceptional cottage with private water-frontage on Lake Morey. Daytime is best spent on the lake - swimming, fishing, sailing, and kayaking, while the nighttime is graced by sunset cocktail cruises, al fresco dining, calls of the loons and the occasional fireworks display. While the lake can take center-stage, the inside of the home is a sure charmer. An addition to the original cottage in 1989 added two bedrooms, a bath, bay window with seating area and a laundry room, in addition to the comfortably sized living room w/fireplace. The third level is reminiscent of the upper level of a ship, with a darling bunk room and 4th bedroom, both with views of the lake. Covered porches with screen doors keep the summer breeze rolling in. Live-edge wooden countertops in the kitchen with a sit-up peninsula, stone floor, custom staircase handrails, and woodstove in the dining room provide character and functionality. The property is accented by abundant gardens and beautifully designed stonework featuring walkways, a patio, and meandering stonewalls, while the lakefront portion is profiled by a lawn for yard games, deck for reading on chaise lounges, and boat dock. Enjoy your morning cup of coffee on the expansive deck overlooking the lake and the protected hillside to the east. With its year-round occupancy potential, this property affords the winter enthusiast to enjoy the 4.5mi. skate loop & pond hockey. A flat driveway w/ample parking makes for convenient and easy access to the home.
  • List Agent: 8361
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Range - Gas, Refrigerator, Washer
  • Equipment: Stove-Wood
  • Features Interior: Dining Area, Fireplace - Wood, Natural Light, Natural Woodwork
  • Total Bedrooms: 4
  • Flooring: Slate/Stone, Tile, Wood
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Access Type: Interior
  • Level 1: Level 1: Bath - Full, Level 1: Dining Room, Level 1: Kitchen, Level 1: Utility Room
  • Level 2: Level 2: Bedroom, Level 2: Bath - Full, Level 2: Laundry Room, Level 2: Living Room
  • Level 3: Level 3: Bedroom, Level 3: Bath - 1/2
  • Room 1: Bedroom, On Level: 2
  • Room 2: Bedroom, On Level: 2
  • Room 3: Laundry Room, On Level: 2
  • Room 4: Bath - Full, On Level: 2
  • Room 5: 2
  • Room 6: Bedroom, On Level: 3
  • Room 7: Bedroom, On Level: 3
  • Room 8: Bath - 1/2, On Level: 3
  • Room 9: Kitchen, On Level: 1
  • Room 10: 1
  • Room 11: Utility Room, On Level: 1
  • Room 12: Bath - Full, On Level: 1
  • Sq Ft - Apx Finished AG: 2403
  • Sq Ft - Apx Total: 2833
  • Sq Ft - Apx Total Finished: 2403
  • Sq Ft - Apx Unfinished BG: 430

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Shingle
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Boat Slip/Dock, Docks, Deck, Garden Space, Patio, Porch - Covered, Private Dock, Shed
  • Water Body Access: Yes
  • Water Body Name: Lake Morey
  • Water Body Type: Lake
  • Water Frontage Length: 114
  • Water Access Details: Dock Access
  • Water Body Access: Owned
  • Waterfront: Yes
  • Water View: Yes

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Private, Septic
  • Water: Drilled Well, Private
  • Water Heater: Electric
  • Heating Fuel: Electric, Wood
  • Heating: Electric, Stove - Wood

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Rivendell

Lot Info

  • Lot Sq Ft: 19166
  • Lot Acres: 0.44
  • Lot Description: Lake Access, Lake Frontage, Lake View, Landscaped, Water View, Waterfront
  • Surveyed: Yes
  • Surveyed By: Harry J. Burgess
  • Zoning: Lakeshore
  • Deed Book: 30
  • Deed Page: 240
  • Deed Recorded Type: Warranty

Tax Info

  • Tax Gross Amount: 12832.81
  • Tax Year: 2018

MLS Schools

  • School District: Rivendell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2019
Closed on
Aug 23, 2019
Sold by
Breetz Sheryl L and Breetz William R
Bought by
Philipp Barbara L and Pisegna Vincent J
Seller's Agent
Leah McLaughry
Four Seasons Sotheby's Int'l Realty
Buyer's Agent
Susanne Pacilio
Martha E. Diebold/Hanover
List Price
$729,000
Sold Price
$736,000
Premium/Discount to List
$7,000
0.96%
Current Estimated Value
$1,142,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,964
Avg. Annual Appreciation
7.64%
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Philipp Barbara L $736,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2019 08/23/19 Sold $736,000 +1.0% $306 / Sq Ft
07/04/2019 07/04/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $729,000 -- $303 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,421 $826,000 $595,000 $231,000
2023 $10,511 $826,000 $595,000 $231,000
2022 $14,206 $627,000 $465,700 $161,300
2021 $14,792 $627,000 $465,700 $161,300
2020 $14,724 $627,000 $465,700 $161,300
2019 $13,739 $627,000 $465,700 $161,300
2018 $12,833 $627,000 $465,700 $161,300
2017 $12,450 $627,000 $465,700 $161,300
2016 $12,704 $627,000 $465,700 $161,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4760139

PrimeMLS

APN: 219-071-10091